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Home›Earnings›Analyst Ratings›Amazon shares surge after CEO defends massive AI inves…

Amazon shares surge after CEO defends massive AI investment

Shares rose about 10% in after-hours trading to around $258, the highest level since early June.

Reported · Written up by our desk · Analyst Ratings

CNBC Earnings reports Amazon shares jumped about 10% to $258 in after-hours trading, lifting the stock to its highest level since early June.

The move followed CEO Andy Jassy making the case for the company’s large-scale AI investment, according to the outlet.

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Sources

CNBC EarningsAmazon soars after CEO Andy Jassy makes the case for its massive AI investment

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